As it says Wilson Chandler, despite being an NBA star with a professional career spanning over a decade and nearly $ 80 million in professional revenue, The 2.03-meter striker also started in the crypto space, just as many enthusiasts do: buy and sell shitcoins.
Chandler told Cointelegraph that he first heard of some cryptocurrency “kids” with whom he played Fortnite in 2017. After becoming intrigued by his stories of turning paltry sums of money into legitimate property, he eventually invited one to his Chicago home for a crash course on opening wallets and using purses.
From then on everything is in the chain: One look at his Etherscan address shows that his initial investment strategy was little more than handing out and praying.
“From there I bought coins (Bitcoin, ETH, Stellar), a lot of shit, just played, learned. I’ve lost a ton of coins doing stupid things like pump and dump operations without knowing better. “
Like many developing Degenerates, he relied on a network of friends for information. As mentioned in a recent episode of the NFT Collector’s Podcast, Club top shot, An avid friend convinced him of an Amsterdam-based “pump and dump” scheme, a scam that cost him a prominent position in Bitcoin. Friend? The late legendary rapper and activist Nipsey Hussle.
“I think about this shit all the time” he said with a laugh.
However, he told Cointelegraph that those early setbacks have now paved the way for a second act for the former star.
“They say experience is the best teacher.”
Second acts and sneaker deals
As a basketball player, Chandler’s resume is excellent. For years he could count on his strong 13-5-2 stats, playing mostly for Denver teams that made it to the playoffs twice, including a great hipster team of all time in the Knuggets. as a result of Carmelo Anthony’s move.
However, there are signs pointing to the end of Chandler’s game days. He has been on three teams in the past three years, retired from the “bubble” playoffs last year and last played for them Zhejiang Guangsha Lions, a stop in China that can often mean a final moment of glory for a professional player. While he said in interviews that he had offers on the table from NBA teams, including this year’s playoff contenders, he is ultimately considering retiring.
If some of your recent investments indicate this, Cryptocurrency collecting and NFT could play a huge role in what happens next for the former star. Not only does he open a medical marijuana pharmacy, but he becomes an accomplished NFT collector and works his way into space.
Last month he announced that he had become the proud owner of a CryptoPunk. Change your avatar to one of the incredibly expensive pixel collections. It’s been a surreal moment for many longtime NFT collectors, and a source of endorsement for those fans hoping for mass adoption amid an ugly bear market.
Come to me and start picking it up. @zed_run If he goes on like this, I might have to use him as a stallion pic.twitter.com/qcwtmMgytN
– Wilson Chandler (@wilsonchandler) April 10, 2021
Come to me and start to understand. @zed_run, if this continues you may have to use it as a stud.
Just a few weeks later display a flawless one, possibly the first “digital shoe deal” in collaboration with NFT’s company CryptoKickers. Basketball stars signing shoe stores with big brands is nothing new, however CryptoKickers creates unique streetwear-inspired shoes for virtual worlds like Cryptovoxels and The Sandbox, a use case that major fashion and apparel brands have long been on the lookout for. At the moment, Chandler now has the best virtual “team” of any NBA player in the Metaverse.
Currently, however, his real passion is Zed barrel. The polygon-based collectable horse racing and breeding game has attracted widespread attention due to the growing popularity and exorbitant amounts of money that “Genesis” breed horses can make for collectors and racers. For Chandler, it’s the social and educational elements that attract him.
“It’s a fun way to get to know the space, go out, explore and involve the communities. Hell, I can breed and race digital horses, talk to friends, and meet new people. Overall, it’s fun in the entire room. And that interaction and engagement sometimes leads to new opportunities and other things that I can find just as fun and rewarding. “
To help you learn the basics, are some powerful, largely unnamed whales that you have come across through chat rooms and networks. Like many dealers and collectors, he has found private communities an ideal way to corner the “Alpha” and has even been involved in some part-ownership deals for rare horses, including a horse stable deal with a “Jake”, who works with the venture capital team of the owner of the Dallas Mavericks, Mark in Cuban.
“I’m in fantastic private group chats with some great players and they give me information and advice. It definitely gives me the openness and confidence to ask the simple / stupid questions that I need to learn. So I am grateful for these guys. You have definitely welcomed me with open arms in this short time. “
It’s a kind of euphoria that many investors feel in the middle of their first or second bull run to realize that once you’ve learned the basics, there is an expanding, exciting, and potentially profitable frontier to explore:
“I have fun, but I also invest and create / hold assets to great advantage when I am at it.”
Influence and culture
Chandler isn’t the only basketball star making his foray into the NFTs. In the past few weeks, younger players have like Josh Hart, Tyrese Haliburton and the current rookie of the year LaMelo Ball have started their collections, with LaMelo particularly flourishing under the guidance of the collector and whale Pranksy.
– Melo (@ MELOD1P) June 6, 2021
Ball is now a famous shit poster on the Discord server Bored Ape Yacht Club with hundreds of messages laughing at memes and talking about digital bonsai.
The popularity of the NBA’s NFTs should come as no surprise given their success NBA top shot. Dapper Labs’ product, which turns basketball’s greatest games into collectible “moments”, was a huge hit, selling thousands of games and bringing Dapper to over $ 7.5 million.
Chandler believes this could be the start of a trend: After all, NBA players have a long history of trendsetting and refereeing what is trending. And in NFTs there is now a rapidly evolving technological and cultural movement that somehow mirrors the nature of the modern game, increasingly defined by absurd athleticism and pace.
“In my opinion, the NBA has always been more advanced than most other leagues.” said Chandler. “And it’s fast-paced non-stop action, especially the way it’s played now. You won’t get it anywhere else. The guys are much more athletic than they used to be, the ranks of the guys are crazy, and the guys are so wonderfully skilled these days. So I can see why fans and gamers are gravitating towards NFTs. It’s fun and exciting and they make money out of it. “
BAYC or Meebits? Which one do you like the most? And because?
– Wilson Chandler (@wilsonchandler) May 8, 2021
BAYC or Meebits? Which one do you like the most? And because?
The range of participation in the players’ room is wide. Chandler notes that in addition to amassing NFTs, many players have made angel investments in blockchain companies, including early stakes in Dapper and Coinbase. He thinks that at some point the NBA will experiment with the technology itself and call it “obvious to them”.
However, it is still the early days of NFTs. Points to former Brooklyn Nets teammate as “Pioneer in the NBA when it comes to blockchain in general”, when Dinwiddies’ efforts to symbolize part of their contract forced the league to “Sit down and take note of it”.
That pioneering work by Dinwiddie was only two years ago, and yet both technology and adoption seem to have accelerated since then, a sign that NFTs are just beginning to grab the attention of the masses, says Chandler.
“We’re on the Atari stage, just wait until we get to Playstation 5.”